Norway's DNO confirms oil discovery in Yemen
Norwegian oil company DNO ASA has reported that testing of the Nabrajah-1 well in block 43 in Yemen had been concluded, and preliminary estimates indicate reserves of the order of 10-12 million barrels of oil, which might be sufficient for a commercial development.
Drilling of the Nabrajah-1 well commenced on February 9, and on March 5 reached a total depth of about 2,200 meters. It was decided to test the well after downhole logging confirmed hydrocarbons in the Qishn sandstone.
The structure has not yet been sufficiently delineated, and a potential exists for additional reserves. Two new wells will be drilled to delineate the discovery, planned for the second and third quarters of 2004. Parallel with this, various studies and analyses will be carried out of the discovery, with the aim to submit a possible development plan by the end of 2004. It will then be possible to start oil production in the third quarter of 2005.
At the end of 2003, DNO's proved and probable oil reserves in Yemen were about 13 million barrels. A development of the new oil discovery will increase the company's oil reserves in Yemen by approximately 40 percent. DNO is operator and holds a 50% interest in the license. — (menareport.com)
© 2004 Mena Report (www.menareport.com)